Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 348 $ 260
Restricted cash 8 8
Accounts receivable, less allowance for doubtful accounts of $87 at March 31, 2018 and $91 at December 31, 2017 1,042 1,388
Inventories 1,073 1,019
Prepaid expenses and other current assets 134 51
Total current assets 2,605 2,726
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,235 at March 31, 2018 and $1,174 at December 31, 2017 1,024 1,005
Television distribution rights, net 82 78
Goodwill 5,109 5,075
Other intangible assets, net 2,597 2,605
Other noncurrent assets 67 61
Total assets 11,484 11,550
Current liabilities:    
Current portion of debt and capital lease obligations 18 17
Accounts payable-trade 664 756
Accrued liabilities 789 872
Total current liabilities 1,471 1,645
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 5,098 5,173
Deferred income taxes 480 473
Other long-term liabilities 118 117
Total liabilities 7,167 7,408
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 7,039 6,897
Accumulated deficit (2,797) (2,772)
Accumulated other comprehensive loss (30) (93)
Total QVC, Inc. stockholder's equity 4,212 4,032
Noncontrolling interest 105 110
Total equity 4,317 4,142
Total liabilities and equity $ 11,484 $ 11,550